Funding you earn now, next payment 07:00 UTC−0.0049%/8h= −5.4% APRpaid last 24h −0.021%
Price spread now: SoDEX against Binance+0.049%55s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. SoDEX is 0.049% dearer against Binance than usual: you sell high and buy low (spread +0.049% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.4 days. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance XAGUSDT | 65.501 | 0.0099 | pay 0.0049% / 4h | 1h 54m | $188.4M | $747.8M | 100x |
| Short | SoDEX SILVER-USD | 65.533 | 0.0050 | get 0.0006% / 1h | 54m 23s | $3K | $6K | 20x |
Binance XAGUSDT
SoDEX SILVER-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.27
- Price spread: +0.049% → 0.000%
- $4.94
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$23.33
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 5 min ago; SoDEX: no order-book sample. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Binance live order book, 5 min ago | 0.76 bp | 5.8 bp −$6 | 5.8 bp −$58 | 9.9 bp −$995 | 21.2 bp −$10.6K |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
XAG on 44 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hibachi XAG/USDT-P | −0.0112% | 1h | 65.527 | +0.040% | $20K | $19K | 10x | as long as short |
| Ondo Perps XAG-USD.P | −0.0024% | 1h | 65.400 | −0.154% | $5.6M | $9.7M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.471 | −0.046% | $12K | $5K | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.530 | +0.045% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.660 | +0.243% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.590 | +0.136% | $1.5M | $280K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.454 | −0.072% | $118K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.505 | +0.006% | $4.7M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.457 | −0.066% | $5.1M | $11.6M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +1.373% | $11K | $94K | 52x | as long as short |
Hibachi XAG/USDT-P
Ondo Perps XAG-USD.P
dYdX XAG-USD
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate XAG_USDT | +0.0034% | 4h | 65.520 | +0.030% | $143.9M | $176.7M | 100x | as long as short |
| Phoenix SILVER | +0.0036% | 1h | 65.581 | +0.123% | $56K | $31K | 25x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.580 | +0.121% | $789K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.937 | +0.666% | — | — | 25x | as long as short |
| QFEX SILVER-USD | +0.0050% | 1h | 65.490 | −0.016% | $152K | $2.8M | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0050% | 1h | 65.463 | −0.057% | $170.6M | $82.8M | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.452 | −0.074% | $3.9M | $712K | 20x | as long as short |
| SoDEX SILVER-USDshort | +0.0050% | 1h | 65.533 | +0.049% | $3K | $6K | 20x | |
| Aster XAGUSDT | +0.0058% | 4h | 65.510 | +0.014% | $2.7M | $955K | 100x | as long as short |
| Paradex XAG-USD-PERP | +0.0060% | 8h | 65.504 | +0.006% | $29K | $1K | 5x | as long as short |
| RISEx XAG/USDC | +0.0061% | 1h | 65.502 | +0.002% | $1.2M | $4.9M | 20x | as long as short |
| Bybit XAGUSDT | +0.0066% | 4h | 65.520 | +0.030% | $28.7M | $39.4M | 150x | as long as short |
| Kalshi KXSILVERPERP | +0.0077% | 24h | 65.562 | +0.094% | $468K | $29.2M | 8.1x | as long as short |
| Hotstuff SILVER-PERP | +0.0088% | 1h | 65.553 | +0.080% | $35K | $21K | 20x | as long as short |
| Variational Omni XAG | +0.0096% | 4h | 65.634 | +0.203% | $5.5M | $9.4M | — | as long as short |
| Binance XAGUSDTlong | +0.0099% | 4h | 65.501 | long leg | $188.4M | $747.8M | 100x | |
| Pacifica XAG | +0.0100% | 1h | 65.471 | −0.046% | $468K | $629K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.460 | −0.062% | $24.6M | $4.8M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.610 | +0.167% | $112K | $19K | 50x | as long as short |
| MEXC SILVER_USDT | +0.0102% | 4h | 65.480 | −0.032% | $113.5M | $156.3M | 1000x | as long as short |
| Lighter XAG | +0.0104% | 1h | 65.516 | +0.023% | $5.4M | $11.2M | 25x | as long as short |
| Aevo XAG-PERP | +0.0104% | 1h | 65.498 | −0.004% | $47K | — | 10x | as long as short |
| Nado XAG-PERP | +0.0112% | 1h | 65.448 | −0.081% | $1.2M | $5.5M | 10x | as long as short |
| edgeX XAGUSDC | +0.0119% | 4h | 65.591 | +0.139% | $668K | $314K | 30x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0120% | 1h | 65.590 | +0.136% | $1.6M | $1.3M | 20x | as long as short |
| GRVT XAG_USDT_Perp | +0.0148% | 4h | 65.631 | +0.198% | $395K | $1.6M | 25x | as long as short |
| Bullet SILVER-USD | +0.0164% | 1h | 65.508 | +0.011% | $44K | $76K | 10x | as long as short |
| Bitget XAGUSDT | +0.0196% | 4h | 65.510 | +0.014% | $23.8M | $46.3M | 100x | as long as short |
| OKX XAG-USDT-SWAP | +0.0202% | 8h | 65.520 | +0.030% | $27.8M | $70.5M | 50x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0208% | 1h | 65.500 | −0.001% | $66K | $370K | 20x | as long as short |
| Aftermath Perps XAGUSD | +0.0209% | 1h | 65.548 | +0.072% | $79K | $37K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0321% / S −0.0301% | 1h | 65.515 | +0.022% | $93K | — | 111x | as long as short |
| BloFin XAG-USDT | +0.0342% | 4h | 65.610 | +0.167% | $2.6M | $619K | 100x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0491% | 1h | 65.563 | +0.095% | $914K | $735K | 25x | as long as short |
Gate XAG_USDT
Phoenix SILVER
StandX XAG-USD
Vest SI-PERP
QFEX SILVER-USD
tradeXYZ xyz:SILVER
Polymarket Perps SILVER-USD
Aster XAGUSDT
Paradex XAG-USD-PERP
RISEx XAG/USDC
Bybit XAGUSDT
Kalshi KXSILVERPERP
Hotstuff SILVER-PERP
Variational Omni XAG
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
MEXC SILVER_USDT
Lighter XAG
Aevo XAG-PERP
Nado XAG-PERP
edgeX XAGUSDC
Coinbase International SILVER-PERP-INTX
GRVT XAG_USDT_Perp
Bullet SILVER-USD
Bitget XAGUSDT
OKX XAG-USDT-SWAP
Deribit SILVER_USDC-PERPETUAL
Aftermath Perps XAGUSD
GMX SILVER/USD [ETH-USDC]
BloFin XAG-USDT
Kraken Futures PF_XAGUSD